Capital Appreciation Ltd
Capital Appreciation Limited, together with its subsidiaries, operates as a financial technology company in South Africa, the Asia Pacific, the United States, the United Kingdom, Europe, the rest of Africa, and the Indian Ocean Islands. It operates through three segments: Payments and Payment Infrastructure and Services; Software and Services; and International. The company provides payment infra… Read more
Capital Appreciation Ltd (CTA) - Net Assets
Latest net assets as of March 2025: ZAC1.53 Billion ZAC
Based on the latest financial reports, Capital Appreciation Ltd (CTA) has net assets worth ZAC1.53 Billion ZAC as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC1.86 Billion) and total liabilities (ZAC326.06 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC1.53 Billion |
| % of Total Assets | 82.48% |
| Annual Growth Rate | 4.83% |
| 5-Year Change | 11.56% |
| 10-Year Change | N/A |
| Growth Volatility | 11.13 |
Capital Appreciation Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Capital Appreciation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Capital Appreciation Ltd (2016–2025)
The table below shows the annual net assets of Capital Appreciation Ltd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC1.53 Billion | -2.97% |
| 2024-03-31 | ZAC1.58 Billion | +5.79% |
| 2023-03-31 | ZAC1.50 Billion | +0.79% |
| 2022-03-31 | ZAC1.48 Billion | +7.83% |
| 2021-03-31 | ZAC1.38 Billion | +5.11% |
| 2020-03-31 | ZAC1.31 Billion | -9.54% |
| 2019-03-31 | ZAC1.45 Billion | +3.94% |
| 2018-03-31 | ZAC1.39 Billion | +33.51% |
| 2017-03-31 | ZAC1.04 Billion | +3.91% |
| 2016-03-31 | ZAC1.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Capital Appreciation Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2324.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC537.22 Million | 35.03% |
| Common Stock | ZAC976.46 Million | 63.68% |
| Other Components | ZAC19.70 Million | 1.29% |
| Total Equity | ZAC1.53 Billion | 100.00% |
Capital Appreciation Ltd Competitors by Market Cap
The table below lists competitors of Capital Appreciation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enersize Oy
ST:ENERS
|
$1.13 Million |
|
NEXANS - Dusseldorf Stock Exchang
DU:NXS
|
$1.13 Million |
|
HCW Biologics Inc
NASDAQ:HCWB
|
$1.13 Million |
|
DCM Financial Services Limited
NSE:DCMFINSERV
|
$1.13 Million |
|
MACQUARIE GRP
BE:4M4
|
$1.13 Million |
|
TORCHMARK CORP
MU:TMJ
|
$1.13 Million |
|
MTN RWANDACELL PLC
RSE:MTNR
|
$1.13 Million |
|
CIRRUS LOGIC
MU:CRU
|
$1.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Capital Appreciation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,580,202,000 to 1,533,376,000, a change of -46,826,000 (-3.0%).
- Net income of 207,064,000 contributed positively to equity growth.
- Dividend payments of 120,748,000 reduced retained earnings.
- Share repurchases of 41,867,000 reduced equity.
- New share issuances of 6,963,000 increased equity.
- Other comprehensive income decreased equity by 45,717,000.
- Other factors decreased equity by 52,521,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC207.06 Million | +13.5% |
| Dividends Paid | ZAC120.75 Million | -7.87% |
| Share Repurchases | ZAC41.87 Million | -2.73% |
| Share Issuances | ZAC6.96 Million | +0.45% |
| Other Comprehensive Income | ZAC-45.72 Million | -2.98% |
| Other Changes | ZAC-52.52 Million | -3.43% |
| Total Change | ZAC- | -2.96% |
Book Value vs Market Value Analysis
This analysis compares Capital Appreciation Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 147.87x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 229.17x to 147.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | ZAC0.80 | ZAC184.00 | x |
| 2017-03-31 | ZAC0.83 | ZAC184.00 | x |
| 2018-03-31 | ZAC0.91 | ZAC184.00 | x |
| 2019-03-31 | ZAC0.95 | ZAC184.00 | x |
| 2020-03-31 | ZAC0.96 | ZAC184.00 | x |
| 2021-03-31 | ZAC1.11 | ZAC184.00 | x |
| 2022-03-31 | ZAC1.15 | ZAC184.00 | x |
| 2023-03-31 | ZAC1.13 | ZAC184.00 | x |
| 2024-03-31 | ZAC1.21 | ZAC184.00 | x |
| 2025-03-31 | ZAC1.24 | ZAC184.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Appreciation Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.50%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.56%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.21x
- Recent ROE (13.50%) is above the historical average (8.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 2.21% | 67.16% | 0.03x | 1.01x | ZAC-78.20 Million |
| 2017 | 3.76% | 48.90% | 0.08x | 1.01x | ZAC-65.08 Million |
| 2018 | 10.27% | 28.13% | 0.35x | 1.06x | ZAC3.71 Million |
| 2019 | 8.61% | 20.50% | 0.39x | 1.07x | ZAC-20.10 Million |
| 2020 | 11.45% | 21.37% | 0.48x | 1.11x | ZAC18.93 Million |
| 2021 | 9.14% | 20.29% | 0.42x | 1.08x | ZAC-11.89 Million |
| 2022 | 11.01% | 19.64% | 0.52x | 1.08x | ZAC14.98 Million |
| 2023 | 6.09% | 9.14% | 0.60x | 1.11x | ZAC-58.37 Million |
| 2024 | 10.81% | 14.45% | 0.67x | 1.12x | ZAC12.73 Million |
| 2025 | 13.50% | 16.56% | 0.67x | 1.21x | ZAC53.73 Million |
Industry Comparison
This section compares Capital Appreciation Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,715,932,398
- Average return on equity (ROE) among peers: 37.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Appreciation Ltd (CTA) | ZAC1.53 Billion | 2.21% | 0.21x | $1.13 Million |
| 4Sight Holdings Ltd (4SI) | $111.25 Million | 25.71% | 1.34x | $210.25K |
| Allied Electronics Corporation Ltd (AEL) | $2.54 Billion | 7.35% | 2.72x | $4.12 Million |
| Ayo Technology Solutions Ltd (AYO) | $17.10 Million | 194.80% | 5.26x | $88.61K |
| EOH Holdings Limited (EOH) | $6.59 Billion | 14.08% | 1.00x | $686.74K |
| iOCO Limited (IOC) | $150.49 Million | 24.89% | 1.06x | $135.70 Million |
| PBT Group Ltd (PBG) | $365.98 Million | 18.36% | 0.29x | $127.62K |
| PBT Holdings Limited (PBT) | $56.80 Million | 0.70% | 0.05x | $3.50K |
| Transaction Capital (TCP) | $3.90 Billion | 13.97% | 2.68x | $908.67K |